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Latest RTO/VET News & Resources
Student exodus not slowing
Australia is facing a significant skills shortage and the problem undoubtedly stems from the falling student numbers in our VET sector. The vocational training exodus has been receiving significant media attention of late, but what is really needed is definitive...
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Common business challenges for RTOs in their first year of operation
Running a business, large or small, is not an easy task. But for RTO operators, there are some unique factors that can make or break a training business in its first year. After speaking with our clients, we felt it was important to share these challenges with you,...
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How important is financial reporting?
Believe it or not, one of the biggest levers for business success is also something that many business owners shy away from – financial reporting.
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Are you ASQA audit ready?
The 16/17 ASQA annual report, released on 31 October 2017, provided plenty to read and absorb. One of the key takeouts we observed was that the regulator has been increasing its audit activity. Further, it is becoming increasingly difficult to get through these...
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Budgeting for your RTO – calculating training costs
If you’re planning on starting a new RTO, or adding additional training products to your current offer, it may be tempting to simply add the new course to your menu and wait for the first enrolments to come in before you finalise all the details. However, hidden...
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Company tax cuts – are they a big deal?
Are company tax cuts good for business and, more importantly, are they good for you?
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Closing for Christmas? Make sure your RTO is holiday ready!
Here are a few things we recommend you think about before closing the doors on Friday 22nd December to ensure your business runs smoothly.
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Why RTOs should embrace ASQA’s Financial Viability Risk Assessment
For business owners going through the process of registering a new RTO, the area that seems to cause the most frustration is ASQA's Financial Viability Risk Assessment. I frequently hear clients express their concern about the level of detail required by ASQA,...
read moreTax Deadlines
Tax Deadlines and Penalties – 2016 Return Lodgement We have been busy, like most accountants this time of year. It is May 2017 and many businesses, trusts and individuals have not or only just lodged their tax returns for the year ended 30 June 2016, via a tax...
read moreOne off opportunity for high income earners
The 2% ‘debt tax’ is ending on 30 June 2017! Basically you are better off earning more taxable income over the $180,000 level next year. All things equal: Tax on $350,000 of taxable income for the year ending 30 June 2017 is $3,400 more than 30 June 2018;...
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